Wall Street brokerages expect that TAL Education Group (NYSE:TAL) will post earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for TAL Education Group’s earnings. TAL Education Group posted earnings of $0.06 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that TAL Education Group will report full year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.37. For the next year, analysts anticipate that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.48 to $0.64. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow TAL Education Group.
TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $433.27 million during the quarter. TAL Education Group had a net margin of 10.55% and a return on equity of 19.59%.
TAL has been the subject of several recent research reports. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Deutsche Bank started coverage on shares of TAL Education Group in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 price target for the company. Finally, ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.55.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Martin Currie Ltd. lifted its holdings in TAL Education Group by 20.0% in the 4th quarter. Martin Currie Ltd. now owns 13,200 shares of the company’s stock valued at $392,000 after acquiring an additional 2,200 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in TAL Education Group by 9.9% in the 4th quarter. Macquarie Group Ltd. now owns 35,502 shares of the company’s stock valued at $1,040,000 after acquiring an additional 3,200 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in TAL Education Group by 14.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,129 shares of the company’s stock valued at $959,000 after acquiring an additional 3,729 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in TAL Education Group by 531.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,909 shares of the company’s stock valued at $166,000 after acquiring an additional 4,131 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in TAL Education Group by 3.6% in the 4th quarter. Teachers Advisors LLC now owns 130,900 shares of the company’s stock valued at $3,889,000 after acquiring an additional 4,500 shares during the last quarter. 55.93% of the stock is owned by institutional investors.
TAL stock traded up $2.26 during trading on Thursday, hitting $41.23. 6,356,776 shares of the stock traded hands, compared to its average volume of 6,154,937. The company has a market capitalization of $18,733.19, a price-to-earnings ratio of 145.52 and a beta of 0.28. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. TAL Education Group has a fifty-two week low of $16.53 and a fifty-two week high of $41.75.
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About TAL Education Group
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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